Final answer:
Client info prior to buying or selling typically includes gathering financial statements and market analysis reports, as well as personal identification and transaction history, to make well-informed financial decisions.
Step-by-step explanation:
When discussing client information prior to buying or selling, it generally refers to gathering various types of data to make informed decisions. Within the context of financial transactions or investments, this information could pertain to aspects such as financial statements and market analysis reports. Financial statements provide a view of the firm's financial health, while market analysis reports contribute insights into broader market trends and forces that can impact decision-making. Gathering personal identification and transaction history can also be crucial for compliance with legal and regulatory requirements and for understanding the client's previous investment behavior.
In the case of an established firm where the business becomes more transparent to external investors, the need for personal knowledge becomes less vital. Instead, investors will look at widely available information regarding a company's products, revenues, costs, and profits to make investment decisions without needing to know the managers personally.